GBP to EUR Outlook: Sterling Rallies Over 1.12 Against the Euro, What Could Happen to Exchange Rates Ahead?

Pound to Euro rate: Will Boris Johnson help the Pound vs the Euro?

Pound fights back vs the Euro The pound has finished the week positively against the euro after hitting close to its lowest level since the start of the year. This could be down to a number of different factors including a change in sentiment towards the pound after a big sell off earlier in the week. With the Tory leadership election due to be concluded early next week could Boris provide the pound with a boost? When we have had previous general elections, we have often seen...

Best Time to BUY EUROS?

Today has seen Sterling push through the 1.19 marker again, on the back of both yesterdays Unemployed improvement, and Mark Carneys impressive speech indicating house price control. Those buying Euros will be well aware that current levels above 1.18 have been incredibly sought after, as August saw Interbank levels in the low 1.14s. The impressive increase is linked to the constant supply of positive UK data, most recently UK Manufacturing and Production data, which has long since been the UKs downfall. Looking forwards, I believe that GBP-EUR will...
GBP/EUR Exchange Rate: Sterling in Freefall as the UK Announces Further Support Package

Andy Haldane’s comments knock Stirling back

GBP/EUR took a knock after Sterling's resurgence today. I think there is a strong possibilty this may have been caused by the BOE's (Bank of England) Andy Haldane. He  suggested theMPC (Monetary Policy Commitee) still has options including QE and rate cuts and that risks to inflation in UK and overseas may be skewed to the downside. He also stated  he does not see an immediate case to change interest rates and chances of a rate cut or rise are evenly balanced. He indictaed thatpolicy...
GBP to EUR Forecast: Will Sterling See Further Losses Against the Euro?

Is the trend of a strong April for the Pound about to end?

The seasonal trend of the Pound gaining throughout the month of April looks set to end this month, which is coincidentally the 13th month unlikely when the Pound is compared with the US Dollar. The Pound tends to perform well against most major currency pairs including the Euro during April, with the trend being attributed to the new tax year and a lot of dividend payments being made around this time in GBP denominated equities. It looks like 13th time unlikely as the Pound is trading...
Pound to Euro forecast Will Sterling make further gains against the Euro next week?

Pound to Euro rate hits a 1-month high as Euro weakens due to Italian...

The Euro fell another half a percent against the Pound yesterday, after news broke over the weekend that the expected Italian coalition government is no longer looking likely to form. There were expectations that the five star movement and League would form the coalition over the weekend, but the Italian President Sergio Mattarella cancelled talks after the coalition put forward Eurosceptic, Paolo Savona for finance minister. The markets were already weary of the unfolding's in Italy due to the populist and Eurosceptic leanings, along with...
GBP/EUR Exchange Rate: Sterling in Freefall as the UK Announces Further Support Package

UK Unemployment Figures Fall but Sterling’s Struggle Continues

UK unemployment figures were released yesterday and showed a small drop in the three months leading up to July, compared with the previous three month period. The drop of 7,000 to 2.59 million has done little to halt GBPs worrying slide against the euro and following Germany's ruling to approve the European Stability Mechanism, things seem as if they may only get worse. It must be remembered that it was only a matter of weeks ago that we were experiencing the four year highs...
Positive End to the Week for the Pound

UK Services data released this morning likely to drive GBP/EUR today, what other data...

This morning the most important sector for the UK economy will be under the spotlight as Services PMI data is scheduled for release. The figure will be released at 9.30am and it will cover business sentiment in the sector, which is particularly important for the UK economy as the services sector covers around 80% of the UK economy. Whether this figure impresses or not is likely to move the Pound to Euro exchange rate due to its importance, and those following the GBP to EUR...
Pound to Dollar Week Review: Gbp to USD Rate Recovers From 35-Year Low

Bad releases yesterday for GBP but gains still made against EUR

You would have expected Sterling to suffer against most majors including the Euro yesterday if you looked at it at face value. The BofE minutes were released showing even hawks Spencer Dale and Martin Weale retracted calls for a rate hike as rates were kept on hold, 9-0 against. Furthermore we saw a rise in unemployment to 7.9%. Although Sterling lost in early morning before bouncing back in the afternoon, performing particularly well against the Dollar (due to a downgrade of US growth forecasts) and...
Pound to Euro Forecast: GBP Could Mount Comeback Versus Euro on Stock Market Optimism

How long until GBPEUR hits 1.20?

There s now growing speculation GBPEUR could hit 1.20 in the coming weeks as investors brace themselves for the Italian Referendum next month. That is likely to be a period of uncertainty for the Euro with also fresh economic worries as the European Central Bank (ECB) debates whether or not to look at further QE (Quantitative Easing). If you are looking to get the latest news on the rates and make sure you are up to date then this blog is perfect for an...
The Pound Continues Its Fightback

Swiss set minimal rate for Euro – What does this mean for the Swiss...

Yesterday saw the largest movement for the Swiss Franc in its history as the Swiss National Bank decided to set a minimal level for the Franc against the Euro. Within ten minutes the CHF weakened by roughly 8% against everything as CHF was sold off rapidly by the SNB to get from 1.10 to 1.20 against the Euro, also against the Pound we saw similar movements as GBP-CHF went to 1.38 from 1.25! Lets see what has actually happened here and what effect this may...